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Impact Finance – Access to Capital Director

Company Name: U.S. Bank
Company Location: Minneapolis
Work Type: On-site-only
Job Location: Denver, CO
Employment Status: Full-time
Salary Range: $135,150.00 - $174,900.00
Date Posted: July 25, 2024
Apply By: September 29, 2024

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Reporting to the Head of Access to Capital, the Environmental Finance Access to Capital Manager (“EACM”) will be responsible for enabling the execution of Impact Finance’s strategic priorities related to increasing access to capital (debt and tax credit equity) to developers of color. The EACM will be knowledgeable of players in the renewable energy ecosystem, emerging industry  developments and challenges to consistently meet the needs of BIPOC-owned clients.  The EACM will draw on their extensive knowledge of environmental financial tools and structures to propose and implement new lending products, capacity-building programs and initiatives in collaboration with senior management, Environmental Finance, Syndications and Enabling Functions.  We are looking for candidates with a commitment to the work we do and can demonstrate their creativity, diligence, enthusiasm, growth-mindset, thoughtfulness, and passion to make meaningful change in the areas of economic and racial justice.

Key responsibilities:

  • Line of Business Engagement (40%): Complements business development  efforts of the Environmental Finance Impact Capital Manager and business development team to identify market gaps and new developments and devise strategy to address these needs to lead to increase the number of developers of color that receive bank funding and acquire increase capacity to complete developments. EAC meetings: Plan and lead regular EAC meetings with internal stakeholders to achieve our agreed upon Objectives, Key Results and Projects;
  • by researching and identifying needs of product area, gaps in the marketplace that will lead to pipeline opportunities for the Environmental Finance product area as well as improved capacity of developers of color and their readiness for bank lending and equity products.
  • Program Development (40%): Research, design, implement and manage programs to address identified market gaps based on the collaboration with Environmental Finance Impact Capital Manager. Identify industry partnerships that provide access to capital and capacity building of developers of color. Collaborate with Syndications Team to identify social impact investors to meet our goal of seamlessly originate to syndicate environmental finance impact capital deals. Identify conference and other market activation sponsorship opportunities that provide for brand recognition, market intelligence and access to developers of color.
  • Reporting and Measurement (20%): Provide environmental finance EAC metrics needed to reflect performance towards Impact Finance financial goals as well as enterprise initiatives such as Access Commitment, Community Benefits Plan and CRA. Will coordinate with Impact Measurement and Finance teams to generate reports submitted to senior management and to enterprise enabling functions. Role will involve attending and reporting out results at working group or other touchpoints on a regular basis. Will collaborate with Impact Capital Manager and Impact Measurement team to establish key performance indicators (KPIs) to measure the impact of these programs.

Performance Measures:

  • Programs and partners engaged to address identified market gaps and business needs based on
    • # of BIPOC-led/owned clients engaged at industry activations
    • # of BIPOC-led/owned clients receiving needed capacity-building assistance;
    • # of BIPOC-led/owned clients in pipeline
    • # of BIPOC-led/owned clients becoming bank customers for bank products such as depository and lending products
Basic Qualifications
– Master’s degree, or equivalent work experience
– 10 or more years of experience in project management activities
– Two or more years of managerial experience

Preferred Skills/Experience

– 5-7 years of experience underwriting renewable energy projects
– Strong knowledge of complex renewable energy financing structures, including RETC and project finance, and familiarity with Federal and local financing sources.
– Commitment to community development and racial equity as identified in prior work and experience
– Strong communication skills demonstrating attention to detail and professional writing style
– Strong organizational skills including ability to follow through independently
– Capacity to prioritize multiple tasks to meet deadlines

U.S. Bancorp Impact Finance, the tax credit and community development division of U.S. Bank, believes all people have a right to the possibilities that comes with living in a safe and vibrant community. The financing USBIF provides for affordable housing, economic development, and renewable energy projects have a lasting social and environmental impact in communities. Visit USBIF on the web to find out more at www.usbank.com/cdc.

U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance.  All job postings under U.S. Bancorp Impact Finance reside within the USBCDC organization.

Location Expectations
The role offers a hybrid/flexible schedule, which means there’s an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That’s why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

  • Healthcare (medical, dental, vision)
  • Basic term and optional term life insurance
  • Short-term and long-term disability
  • Pregnancy disability and parental leave
  • 401(k) and employer-funded retirement plan
  • Paid vacation (from two to five weeks depending on salary grade and tenure)
  • Up to 11 paid holiday opportunities
  • Adoption assistance
  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $135,150.00 – $159,000.00 – $174,900.00

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.

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